Bundesbank: German economic output could increase slightly in Q3
|Germany’s central bank, the Bundesbank, said in its monthly economic report published on Tuesday that the “German economic output could increase slightly in Q3.”
Additional takeaways
German economic output could increase slightly in Q3.
Recovery further delayed but recession not seen.
We can expect a temporary rise in the German inflation rate towards the end of the year on the energy base effect.
German Negotiated Wage Growth data came in at 3.1% in Q2 vs. 6.2% In Q1.
German Negotiated Wage Growth excluding one-offs arrived at 4.2% in Q2 vs 3.0% in Q1.
Market reaction
The Bundesbank report failed to have any impact on the Euro, as EUR/USD kept its consolidative mode intact at around 1.1080, at the time of writing. The pair is down 0.06% so far.
Euro PRICE Today
The table below shows the percentage change of Euro (EUR) against listed major currencies today. Euro was the weakest against the New Zealand Dollar.
| USD | EUR | GBP | JPY | CAD | AUD | NZD | CHF | |
|---|---|---|---|---|---|---|---|---|
| USD | 0.05% | -0.10% | -0.15% | -0.17% | -0.04% | -0.77% | -0.36% | |
| EUR | -0.05% | -0.16% | -0.21% | -0.20% | -0.07% | -0.52% | -0.41% | |
| GBP | 0.10% | 0.16% | -0.04% | -0.05% | 0.11% | -0.36% | -0.26% | |
| JPY | 0.15% | 0.21% | 0.04% | -0.01% | 0.11% | -0.33% | -0.23% | |
| CAD | 0.17% | 0.20% | 0.05% | 0.00% | 0.13% | -0.30% | -0.22% | |
| AUD | 0.04% | 0.07% | -0.11% | -0.11% | -0.13% | -0.45% | -0.36% | |
| NZD | 0.77% | 0.52% | 0.36% | 0.33% | 0.30% | 0.45% | 0.08% | |
| CHF | 0.36% | 0.41% | 0.26% | 0.23% | 0.22% | 0.36% | -0.08% |
The heat map shows percentage changes of major currencies against each other. The base currency is picked from the left column, while the quote currency is picked from the top row. For example, if you pick the Euro from the left column and move along the horizontal line to the US Dollar, the percentage change displayed in the box will represent EUR (base)/USD (quote).
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.